Effect of Economic Growth, Industrialization, Population Growth, and Renewable Energy on CO2 Emissions in the Long and Short Term in ASEAN 5
Journal Title: Journal of Economics, Finance and Management Studies - Year 2021, Vol 4, Issue 07
Abstract
This study aims to see the dynamic pattern of the relationship between CO2 emissions and economic growth, industrialization, population growth, and renewable energy in the long and short term in ASEAN 5 countries, namely Indonesia, Malaysia, Thailand, Philippines and Singapore. ASEAN is a region of countries that have the potential for natural resources and high economic activity as well as being a strategic area in global trade flows. In addition, the ASEAN region, especially ASEAN 5, has a fairly rapid capacity and socio-economic activity so that its mobility is important to note. The VECM method is used to determine this objective by using panel data sourced from the Worldbank. The results of the analysis show that in the long term, population growth and consumption of renewable energy significantly affect CO2 emissions in the ASEAN 5 region. Meanwhile, in the short term, industrialization and consumption of renewable energy significantly affect CO2 emissions in the ASEAN region 5.
Authors and Affiliations
Adhy Satya Pratama, M. Pudjihardjo, Asfi Manzilati, Devanto Shasta Pratomo
Keywords
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- EP ID EP705382
- DOI 10.47191/jefms/v4-i7-27
- Views 98
- Downloads 0
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